Wall Street’s Protection Racket: Mandatory Arbitration

Wall Street’s Protection Racket: Mandatory Arbitration
By Pam Martens and Russ Martens
Posted August 24, 2016

binding arbitration - bypassing the court systemWhat people across Wall Street cannot figure out is why the Board of JPMorgan Chase, America’s biggest bank by assets, didn’t sack its CEO, Jamie Dimon, at some point between the bank’s first two felony counts in 2014 and its third felony count in 2015. Or, as two trial lawyers, Helen Davis Chaitman and Lance Gotthoffer point out on their web site, during the past five years as JPMorgan Chase racked up $35.7 billion in fines and settlements for “fraudulent and illegal practices.”

JPMorgan Chase’s abuses of its own customers are so vast that Chaitman and Gotthoffer had to create a Wheel of Misfortune to catalog the scams for ease of viewing by the public. More…

Here’s how the government is stealing more than ever before–

Here’s how the government is stealing more than ever before–
by Simon Black
Posted August 15, 2016

guilty until proven innocentThe year was 1986. And the US government took in $93.7 million through a little known authority called “Civil Asset Forfeiture”.

As you’re likely aware, Civil Asset Forfeiture is a legal process that allows the government to seize assets from private citizens without any due process or judicial oversight. People can be deprived of their private property without ever having been even charged with a crime, let alone never having actually committed one.

The horror stories of its abuse are endless. People who have never done anything wrong have had their life’s savings, homes, and business assets confiscated without so much as a warrant. This constitutes theft, plain and simple. And like most government initiatives, it started small. By 2014, that figure had grown 4,667% to a whopping $4.5 billion. And we learned in 2015 that the government stole so much private property from its citizens that the total amount exceeded the value of all property stolen by every thief and felon in America combined. More…

Thousands of Americans are being hounded mercilessly for debts they don’t owe.

Thousands of Americans are being hounded mercilessly for debts they don’t owe.
By Jim Hightower
Posted August 13, 2016

immoral and illegal debt collectionConsider the gang of debt collection firms that are thugglishly rampaging across the country ruthlessly abusing consumer rights and common decency. Susan Macharia, a California administrative employee, is one of thousands of middle-income and low-wage workers each year who get robbed by these relentless money grabbers. Out of the blue, she got a rude call in January from a collector demanding she pay $10,000 for a credit card debt she ran up in 2003.

Only, Macharia had no such debt. In fact, as she told the New York Times, she didn’t even have a credit card until 2013. Yet, the collection agency declared it had a copy of a 2006 court judgement for non-payment filed against her, addressed to her California residence—so pay up or else! More…

Eric Holder’s Longtime Excuse for Not Prosecuting Banks Just Crashed and Burned

Eric Holder’s Longtime Excuse for Not Prosecuting Banks Just Crashed and Burned
by David Dayden
Posted July 15, 2016

Eric Holder protecting the bankersEric Holder has long insisted that he tried really hard when he was attorney general to make criminal cases against big banks in the wake of the 2007 financial crisis. His excuse, which he made again just last month, was that Justice Department prosecutors didn’t have enough evidence to bring charges.

Many critics have long suspected that was bullshit, and that Holder, for a combination of political, self-serving, and craven reasons, held his department back. A new, thoroughly-documented report from the House Financial Services Committee supports that theory. It recounts how career prosecutors in 2012 wanted to criminally charge the global bank HSBC for facilitating money laundering for Mexican drug lords and terrorist groups. But Holder said no. More…

Abolish the FBI

Abolish the FBI
by Ryan McMaken
Posted July 13, 2016

FBI broke federal lawLike all employees of the FBI, James Comey lives off the sweat of the American taxpayer. His large salary, upon retirement, will be converted into a very generous pension. Like most federal employees in a high ranking position like his, Comey continues to look forward to decades of living at a standard of living far above what is experienced by ordinary people in the private sector.

To maintain this life of comfort, all he had to do was agree to look the other way as a powerful politician clearly — by Comey’s own admission — broke federal law. More…

The Law is the Law, Unless You’re An Elite!

FBI Director James Comey Breaks Federal Prosecutor Rules by Smearing but Not Indicting Clinton Over Emails

FBI Director James Comey Breaks Federal Prosecutor Rules by Smearing but Not Indicting Clinton Over Emails
By Steven Rosenfeld
Posted July 9, 2016

Comey betrayed his oath of officeFBI director James Comey’s decision not to indict Hillary Clinton over the fact that 110 of 30,000 private emails she sent while Secretary of State were classified (an error rate of 0.36 percent) is now a full-on national political frenzy.

What almost nobody is questioning is whether the FBI director crossed the line, abusing his discretion and his power, by smearing Clinton in the press and interfering in a political campaign. The Department of Justice’s manual for federal prosecutors bars them from making statements about people who aren’t indicted. More…

During testimony before Congress on Thursday, FBI Director James Comey stated that the FBI’s interview with presumptive Democratic presidential nominee former Secretary of State Hillary Clinton was not under oath or recorded. How convenient!

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Great story on why we need to remove ALL of our elected government representatives

This site is designed for people who wish to follow important events, but do not have time to do a lot of reading. If you follow this site for a period of time, the daily fresh stories in different categories will over time provide you with an understanding of the “big picture” by showing you both the problems and the solutions. Hopefully this will inspire you to listen to your inner wisdom and become part of the solution.